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Standard Of Living In China
Historically, the Chinese economy was characterized by widespread poverty, extreme income inequalities, and endemic insecurity of livelihood. Improvements since then saw the average national life expectancy rise from around forty-four years in 1949 to sixty-eight years in 1985, while the Chinese population estimated to be living in absolute poverty fell from between 200–590 million in 1978 to 70 million in 2017.General Paradox by John Naisbitt Before the 19th century, China was one of the leading global powers. Until the end of the 1970s, the fruits of economic growth were largely negated by population increases, which prevented significant advances in the per capita availability of food, clothing, and housing beyond levels achieved in the 1950s. In 1978, the Chinese Communist Party, under the leadership of Deng Xiaoping, began to introduce market reforms, including decollectivizing agriculture, allowing foreign investment and individual entrepreneurship. After thirty yea ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economy Of China
The China, People's Republic of China has an upper middle income Developing country, developing Mixed economy, mixed socialist market economy that incorporates economic planning through Industrial policy, industrial policies and strategic Five-year plans of China, five-year plans. —Xu, Chenggang. "The Fundamental Institutions of China’s Reforms and Development." Journal of Economic Literature, vol. 49, no. 4, American Economic Association, 2011, pp. 1076–151, . —Nee, Victor, and Sonja Opper. "Political Capital in a Market Economy." Social Forces, vol. 88, no. 5, Oxford University Press, 2010, pp. 2105–32, . —Shue Tuck Wong & Sun Sheng Han (1998) Whither China's Market Economy? The Case of Lijin Zhen, Geographical Review, 88:1, 29-46, —Gregory C. Chow (2005) The Role of Planning in China's Market Economy, Journal of Chinese Economic and Business Studies, 3:3, 193-203, —HUA, HUANG. "The Market Economy in China." Security Dialogue, vol. 24, no. 2, Sage Publications ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Work Unit
A work unit or ''danwei'' () is the name given to a place of employment in the People's Republic of China. The term ''danwei'' remains in use today, as people still use it to refer to their workplace. However, it is more appropriate to use ''danwei'' to refer to a place of employment during the period when the Chinese economy was not as developed and more heavily reliant on welfare for access to long-term urban workers or when used in the context of state-owned enterprises. Prior to Deng Xiaoping's economic reforms, a work unit acted as the first step of a multi-tiered hierarchy linking each individual with the central Communist Party infrastructure. Work units were the principal method of implementing party policy. The work unit provided lifetime employment and extensive socioeconomic welfare -- "a significant feature of socialism and a historic right won through the Chinese Revolution." Danwei system Institutions such as industrial factories, schools and hospitals, and govern ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gansu
Gansu (, ; alternately romanized as Kansu) is a province in Northwest China. Its capital and largest city is Lanzhou, in the southeast part of the province. The seventh-largest administrative district by area at , Gansu lies between the Tibetan and Loess plateaus and borders Mongolia ( Govi-Altai Province), Inner Mongolia and Ningxia to the north, Xinjiang and Qinghai to the west, Sichuan to the south and Shaanxi to the east. The Yellow River passes through the southern part of the province. Part of Gansu's territory is located in the Gobi Desert. The Qilian mountains are located in the south of the Province. Gansu has a population of 26 million, ranking 22nd in China. Its population is mostly Han, along with Hui, Dongxiang and Tibetan minorities. The most common language is Mandarin. Gansu is among the poorest administrative divisions in China, ranking 31st, last place, in GDP per capita as of 2019. The State of Qin originated in what is now southeastern Gansu and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Liquor
Liquor (or a spirit) is an alcoholic drink produced by distillation of grains, fruits, vegetables, or sugar, that have already gone through alcoholic fermentation. Other terms for liquor include: spirit drink, distilled beverage or hard liquor. The distillation process concentrates the liquid to increase its alcohol by volume. As liquors contain significantly more alcohol (ethanol) than other alcoholic drinks, they are considered 'harder'; in North America, the term ''hard liquor'' is sometimes used to distinguish distilled alcoholic drinks from non-distilled ones, whereas the term ''spirits'' is more common in the UK. Some examples of liquors include vodka, rum, gin, and tequila. Liquors are often aged in barrels, such as for the production of brandy and whiskey, or are infused with flavorings to form a flavored liquor such as absinthe. While the word ''liquor'' ordinarily refers to distilled alcoholic spirits rather than beverages produced by fermentation alone, i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Income In Kind
Income in kind, or in-kind income, is income other than money income. It includes many employee benefits and government-provided goods and services, such as toll-free roads, food stamps, public schooling, or socialized medicine. Types of Income in Kind # Free rent in exchange for caretaking duties. ## Note: If the caretaker receives a paycheck with an amount for rent deducted, the gross earnings are earned income, not in-kind income. # Free room and board provided by a friend or relative. # Free clothing or household goods provided by a community organization. # Exchange of services, such as babysitting. See also * Barter * Local exchange trading system * Truck system Truck wages are wages paid not in conventional money but instead in the form of payment in kind (i.e. commodities, including goods and/or services); credit with retailers; or a money substitute, such as scrip, chits, vouchers or tokens. Truck ... References Employee benefits Public services ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Consumption (economics)
Consumption is the act of using resources to satisfy current needs and wants. It is seen in contrast to investing, which is spending for acquisition of ''future'' income. Consumption is a major concept in economics and is also studied in many other social sciences. Different schools of economists define consumption differently. According to mainstream economists, only the final purchase of newly produced goods and services by individuals for immediate use constitutes consumption, while other types of expenditure — in particular, fixed investment, intermediate consumption, and government spending — are placed in separate categories (see consumer choice). Other economists define consumption much more broadly, as the aggregate of all economic activity that does not entail the design, production and marketing of goods and services (e.g. the selection, adoption, use, disposal and recycling of goods and services). Economists are particularly interested in the relationship betwee ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dependency Ratio
The dependency ratio is an age-population ratio of those typically not in the labor force (the ''dependent'' part ages 0 to 14 and 65+) and those typically in the labor force (the ''productive'' part ages 15 to 64). It is used to measure the pressure on the productive population. Consideration of the dependency ratio is essential for governments, economists, bankers, business, industry, universities and all other major economic segments which can benefit from understanding the impacts of changes in population structure. A low dependency ratio means that there are sufficient people working who can support the dependent population. A lower ratio could allow for better pensions and better health care for citizens. A higher ratio indicates more financial stress on working people and possible political instability. While the strategies of increasing fertility and of allowing immigration especially of younger working age people have been formulas for lowering dependency ratios, future ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cultural Revolution
The Cultural Revolution, formally known as the Great Proletarian Cultural Revolution, was a sociopolitical movement in the People's Republic of China (PRC) launched by Mao Zedong in 1966, and lasting until his death in 1976. Its stated goal was to preserve Chinese communism by purging remnants of capitalist and traditional elements from Chinese society. The Revolution marked the effective commanding return of Mao –who was still the Chairman of the Chinese Communist Party (CCP)– to the centre of power, after a period of self-abstention and ceding to less radical leadership in the aftermath of the Mao-led Great Leap Forward debacle and the Great Chinese Famine (1959–1961). The Revolution failed to achieve its main goals. Launching the movement in May 1966 with the help of the Cultural Revolution Group, Mao charged that bourgeois elements had infiltrated the government and society with the aim of restoring capitalism. Mao called on young people to "bombard the headqu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Electronics
The field of electronics is a branch of physics and electrical engineering that deals with the emission, behaviour and effects of electrons using electronic devices. Electronics uses active devices to control electron flow by amplification and rectification, which distinguishes it from classical electrical engineering, which only uses passive effects such as resistance, capacitance and inductance to control electric current flow. Electronics has hugely influenced the development of modern society. The central driving force behind the entire electronics industry is the semiconductor industry sector, which has annual sales of over $481 billion as of 2018. The largest industry sector is e-commerce, which generated over $29 trillion in 2017. History and development Electronics has hugely influenced the development of modern society. The identification of the electron in 1897, along with the subsequent invention of the vacuum tube which could amplify and rectify small ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Moonlighting
Moonlighting may refer to: * Side job, a job taken in addition to one's primary employment Entertainment * ''Moonlighting'' (film), a 1982 drama film by Jerzy Skolimowski * ''Moonlighting'' (TV series), 1985–1989 American television series, starring Bruce Willis and Cybill Shepherd ** "Moonlighting" (theme song), from the above TV series, performed by Al Jarreau ** ''Moonlighting'' (soundtrack), the soundtrack to the television series * "Moonlighting" (''NCIS''), a television episode * ''Moonlighting'' (The Rippingtons album), 1986 * '' Moonlighting: Live at the Ash Grove'', an album by Van Dyke Parks, 1998 * '' Moonlighting: The Anthology'', an album by Roger Daltrey, 2005 * "Moonlighting" (Leo Sayer song), 1975 See also * Protein moonlighting, or gene sharing, a phenomenon by which a protein can perform more than one function * Unreported employment Unreported employment, also known as money under the table, working under the table, off the books, cash-in-hand, or i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Private Sector
The private sector is the part of the economy, sometimes referred to as the citizen sector, which is owned by private groups, usually as a means of establishment for profit or non profit, rather than being owned by the government. Employment The private sector employs most of the workforce in some countries. In private sector, activities are guided by the motive to earn money. A 2013 study by the International Finance Corporation (part of the World Bank Group) identified that 90 percent of jobs in developing countries are in the private sector. Diversification In free enterprise countries, such as the United States, the private sector is wider, and the state places fewer constraints on firms. In countries with more government authority, such as China, the public sector makes up most of the economy. Regulation States legally regulate the private sector. Businesses operating within a country must comply with the laws in that country. In some cases, usually involving multinatio ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Overseas Chinese
Overseas Chinese () refers to people of Chinese birth or ethnicity who reside outside Mainland China, Hong Kong, Macau, and Taiwan. As of 2011, there were over 40.3 million overseas Chinese. Terminology () or ''Hoan-kheh'' () in Hokkien, refers to people of Chinese citizenship residing outside of either the PRC or ROC (Taiwan). The government of China realized that the overseas Chinese could be an asset, a source of foreign investment and a bridge to overseas knowledge; thus, it began to recognize the use of the term Huaqiao. Ching-Sue Kuik renders in English as "the Chinese sojourner" and writes that the term is "used to disseminate, reinforce, and perpetuate a monolithic and essentialist Chinese identity" by both the PRC and the ROC. The modern informal internet term () refers to returned overseas Chinese and ''guīqiáo qiáojuàn'' () to their returning relatives. () refers to people of Chinese origin residing outside of China, regardless of citizenship. Another ofte ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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